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Sample OK Credit & Debt Cases

... [4] Home Depot stipulated that Monogram Bank of Georgia (Monogram & GE Capital were
two of the private label credit card issuers) owned the accounts, and that Monogram included
a bad debt deduction under § 166, IRC on its federal tax return. ...

... We find attorney fees are recoverable here and reverse the decision of the trial court. ¶
2 On December 27, 2005, Capital One Bank (Capital) filed a lawsuit on an open account
alleging a credit card debt owed to it by William T. Parsons, III. ...

... the origin of 961 its anti-deficiency statute [6] and concluded equity required the same rule (that
the judgment debtor be allowed a credit against its debt for the sum representing the fair market
value of the property sold) be applied to execution sales on judgment liens. ...

... incurred primarily for a personal, family primarily for a personal, family or house-hold or household
purpose purpose ----- either the debt is payable in installments or a credit either the debt is payable ...

... (c) the goods, services or interest in land are purchased primarily for a personal, family or
household purpose; (d) either the debt is payable in installments or a credit service charge is
made; and. ... (d) either the debt is payable in installments or a credit service charge is made; and. ...